The Minority in Parliament has raised concerns about the government’s management of the National Investment Bank (NIB), alleging that it has been turned into a platform primarily for members of the New Patriotic Party (NPP).
The recent appointment of Tweneboa Kodua Fokuo, who previously served as the NPP’s Parliamentary Candidate for Manso Nkwanta, as the Managing Director of the NIB has sparked unease among the caucus. They believe that the situation is further worsened by the appointment of a politically active individual, who had previously contested for the Fomena Member of Parliament seat, as the bank’s Deputy Managing Director.
Minority Leader Dr. Cassiel Ato Forson expressed his reservations about these developments, highlighting the potential implications for the bank’s operations and impartiality. He accused President Akufo-Addo of destroying the governance of the country by appointing politically affiliated individuals to key positions in a struggling state bank like the NIB.
Despite criticisms, Tweneboah Kodua Fokuo has assured that he is a competent manager who can handle both his political and professional responsibilities without conflict. He emphasized that he will prioritize the best interests of the bank in his new role as Managing Director.
The new MD’s appointment has raised concerns about the independence and credibility of the NIB, especially with a politically exposed individual at the helm. The Minority is calling for transparency and accountability in the management of state institutions to avoid conflicts of interest and ensure the public’s trust in the banking sector.